If a country is taking action to make sure all its citizens who want work can find jobs, it is pursuing which economic goal?A.Economic growthB.Per capita improvementC.Full employmentD.Stable prices

Why do countries pursue the macroeconomic goal of full employment?A.Full employment prevents prices from becoming inflated.B.Full employment results in wages decreasing overall.C.Full employment ensures that citizens who want to work can find jobs.D.Full employment creates a lower per capita gross domestic product

Given current economic conditions in Country A, the government of Country A should givepriority to achieving full employment.’Evaluate this statement

16. Which are two aims that a Government normally pursues when managing the performance of the whole economy?1 pointA to encourage an increase in production and to prevent high inflationB to ensure no one is unemployed and to reduce exportsC to give everyone equal incomes and to increase government revenuesD to protect the environment and to reduce interest rates

The goals of planning the economy emphasize a steady rate of growth at about 5-6 percent per annum, a continuous and perceptible improvement in living standards in the foreseeable future. This involves a more equitable distribution of income and wealth, a balanced pattern of regional development and lesser dependence on foreign aid by pursuing policies of export promotion and import substitution and expansion of basic, heavy and defence industries with the object of building an industrial base of the economy. There is no doubt that a judicious and harmonious process of development requires a balancing of these objectives. More and more expert opinion is veering round to the view that an employment-oriented strategy of industrial development provides the best answer to the challenge of unemployment and underemployment posed to an underdeveloped economy like India. That being so, it would be worthwhile to outline the contours of an employment-oriented strategy.(1) Growth of the economy in India can happen only if there is a steady improvement in the standards of living of everyone. The industrial base of the country should be developed so as to generate employment and the country should not depend too much on foreign aid.(2) The objectives of sound planning for economic growth should consider a steady rise of national wealth and an equitable distribution of the same. Industrial development, which generates employment, may be a useful policy in achieving this objective.(3) Sound planning for economic growth involves industrial development, which will generate employment and wealth. Increased self-reliance and an equitable distribution of wealth will ensure a steady 5-6 per cent growth.(4) Planning for the growth of the economy should involve a steady annual growth and a discernable improvement in living standards. Increased self-reliance and a balanced progress as also industrial development, which generates employment, is a good policy to pursue.

Which situation best illustrates how market economies meet their citizens' needs for employment and income?A.A government agency assigns a laborer a job working in a factory.B.A parent teaches a child to farm using centuries-old techniques.C.A religious organization selects a young person to become a priest.D.A corporation hires an engineer who has just graduated from college.SUBMITarrow_backPREVIOUS